Sunrise around the Bund River area on November 2, 2023 in Shanghai, China.
James D. Morgan | News Getty Images | Getty Images
Asia-Pacific markets edged higher on Tuesday, following gains on Wall Street that saw both S&P 500 And Nasdaq Composite Recovering from the worst week of the year.
The S&P 500 rose 1.16% after posting its worst week since March 2023. The Nasdaq Composite also rose 1.16% after its worst week in more than two years.
Traders in Asia will be watching August trade data from China and India. China’s exports and imports in August are expected to have risen 6.5% year-on-year and 2.0%, respectively, the slowest pace in four months, according to a Reuters poll.
Apple just ended an event at the company’s headquarters in Cupertino, California, where the company unveiled the iPhone 16 Pro and iPhone 16 Pro Max, joining the previously announced iPhone 16 and iPhone 16 Plus. These are Apple’s higher-end phones with better screens and cameras than the regular models.
Pre-orders for the new iPhones will begin Friday and they will ship on September 20.
Overnight in the United States, Dow Jones Industrial Average The S&P and Nasdaq ended 1.2% higher after the 30-stock index lost more than 1,200 points last week.
—CNBC’s Pia Singh and Lisa Kailai Han contributed to this report.
